São Paulo – The Foreign Trade Chamber (Camex) approved two resolutions cutting the Import Tax for capital goods and computer and telecommunications items. The norms will be published this Wednesday (1st) in the Federal Official Gazette.
The resolution 22/2015 cuts from 14% to 2% the tax over 263 capital goods until June 30th, 2016 under the category of ex-tariff, with 206 being new benefits and 57 renovations.
The resolution 21/2015 cuts from 16% and 14% to 2% the tax rates over 18 computing and telecommunications items until December 31st of this year, with 15 being ex-tariff and three renovations.
The products that had their taxes reduced are for the sectors of construction industry, railway, metal-mechanic, auto parts and food, according to information from the Ministry of Development, Industry and Foreign Trade (MDIC). These are items imported mainly from United States, Germany, Italy, Spain and Japan.
The ex-tariff arrangement means a temporary reduction of the Import Tax of capital goods and computing and telecommunication products that aren’t manufactured in the country.
Click the links below to read the resolutions in full:
http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?data=01/04/2015&jornal=1&pagina=11&totalArquivos=140
http://pesquisa.in.gov.br/imprensa/jsp/visualiza/index.jsp?data=01/04/2015&jornal=1&pagina=12&totalArquivos=140
*Translated by Sérgio Kakitani
